As data localization laws continue to proliferate, it is important to understand the cybersecurity interests in global data flows, especially in light of regulations that seek to limit data flows under the misconception that data localization enhances security.

CR2 announced several actions to support and inform the G7’s implementation of Data Free Flow with Trust (DFFT), an initiative to promote cross-border data flows while protecting individual privacy, national security, and intellectual property. CR2 released a whitepaper, “Better Connected: How International Data Flows Enable Stronger Cybersecurity”, featuring case studies to highlight the myriad ways in which global data flows enable cybersecurity professionals and technologies to manage risks and detect and disrupt threat actors with speed and at scale. As part of this ongoing dialogue, and in conjunction with the RSA Conference, CR2 will co-host a live event with the National Institute of Standards and Technology (NIST) in San Francisco tomorrow (April 25, 2023) on DFFT and Cybersecurity Risk Management.

By Ben Flatgard, Executive Director, Cybersecurity & Technology Policy & Partnership and President, Coalition to Reduce Cyber Risk (CR2)

JPMorgan Chase is committed to protecting the firm, its customers and clients, as well as the financial system and broader digital ecosystem from cyber threats. As threats grow more sophisticated and digital operations become more complex, effective cyber risk management becomes fundamental to good business practice. To advance the global field of cyber risk management, we are proud to sign, along with 37 other organizations from 8 countries, the Coalition to Reduce Cyber Risk’s (CR2) Cyber Risk Management Pledge (the “Pledge”). The Pledge commits JPMorgan Chase to continuing effective cybersecurity practices and advancing cyber risk management practices across industry sectors and borders.